This rule is extremely important and I see it being misused continuously causing tremendous losses which are sometimes difficult to come back.
Never add a losing position because if the position continues against you and now you have added more contracts that are all losing money your account will lose more than 2% and in some cases add positions and never Not exiting losing trades 1 or 2 bad trades have caused people’s trading accounts to become void.
Remember always play another day, you will end up losing trades and good traders manage losses and move on to the next possible trade.
If you would like to contact Michael Seery (CTA – Commodity Trading Advisor) at 1-630-408-3325, I would be happy to assist you with your trading or visit. www.seeryfutures.com
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